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Netflix Drops Out of Bidding War for Warner Bros.
Posted
March 6, 2026
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3,464
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March 6, 2026
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4:20Now PlayingParamount Skydance Corp. finally clinched its deal for Warner Bros. Discovery Inc., outmaneuvering rival Netflix Inc. after a months-long battle. The company agreed to pay $111 billion for the legendary Hollywood studio. The victory was hard won for Paramount Chief Executive Officer David Ellison, requiring multiple bids, many meetings with shareholders and President Donald Trump and the personal backing of his billionaire father Larry Ellison.
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